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00:02Carvana shares jumped over 60% after hours trading Wednesday, according to Benzinga.
00:06Carvana reported second quarter revenue of $4.84 billion, surpassing analysts' expectations of $4.53 billion.
00:12Earnings came in at $1.28 per share, ahead of the estimated $0.97 per share.
00:17Carvana's total revenue rose 42% year-over-year in Q2, as vehicle sales increased by 41%.
00:22Carvana's CEO Ernie Garcia said the company's growth and profitability stemmed from its efficient,
00:27vertically integrated business model and customer-focused experience.
00:31He added that Carvana is positioned to capitalize on the enormous opportunity ahead by scaling its operations, enhancing profitability.
00:37Carvana expects retail unit sales to rise in the third quarter, projects full-year 2025 adjusted EBITDA between $2 billion and $2.2 billion.
00:45For all things money, visit Benzinga.com.
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